| Page | Page | |||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Report ofthe Trustees | 2 | to | 5 | |
| Report ofthe Independent Auditors |
6 | to | 9 | |
| Statement ofFinancial | Activities | 10 | ||
| Statement ofFinancial | Position | |||
| Statement ofCash Flows | 12 | |||
| Notes to the Statement | ofCash Flows | 13 | ||
| Notes to the Finandal | Statements | 14 | to | 24 |
| Detailed Statement of | Financial Activities | 25 | io | 26 |
| TRUSTEES | MrKSDonaldson | ||||||
| Mr GBendon | |||||||
| MrIM Steel | |||||||
| Mr MFoster | |||||||
| Mr C Galbraith | Chairman | ||||||
| Mrs SM Parsons (resigned | 1/1/2022) | ||||||
| Mrs SPhillips | |||||||
| Mrs A Wing | |||||||
| Cllr APahnore | (resigned | 1/1/2022) | |||||
| CllrJBacon | |||||||
| DrPLock | |||||||
| MrJBilsby | |||||||
| RevP Hunt | |||||||
| Mrs JCubison | |||||||
| Cllr DLouise (resigned | 5/5/2021) | ||||||
| Mr MBoles (appointed | 13/1/2022) | ||||||
| PRINCIPAL ADDRESS | Old Hastings House | ||||||
| 132High Street | |||||||
| Hastings | |||||||
| Bast Sussex | |||||||
| TN34 3ET | |||||||
| REGISTERED CHARITY | 1158933 | ||||||
| NUMBER | |||||||
| AUDITORS | Acuity Professional | Partnership | LLP | ||||
| Unit 2.02 | |||||||
| High Weald House | |||||||
| Glovers End | |||||||
| Bexhill | |||||||
| Bast Sussex | |||||||
| TN39 5ES | |||||||
| TRUSTEESEMERITUS | A Slack | ||||||
| GRDKellie | |||||||
| CRMorris (until | his | death | on | 6th November 2021) |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS FROM | |||||||
| Donations | and legacies | 2 | 176,439 | 292486 | 469,025 | 187,029 | ||
| Charitable | activities | |||||||
| Residential | Home fees | 1,725,469 | 1,725,469 | 1,859,058 | ||||
| Invesnnent | income | 3 | 3732 | 3,732 | 3,578 | |||
| Other income | 37,826 | 37,826 | 37,745 | |||||
| Total | I„tt43,466 | 292486 | 2436,052 | 2,087,410 | ||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | |||||||
| Residential | Home Running | Costs | 1,925,946 | 837 | 1,926,783 | 1,900,654 | ||
| Other expenditure | 88,718 | 88,718 | 89,041 | |||||
| Total | 2,014,664 | 837 | 2,015401 | 1,989,695 | ||||
| Net gains | on investments | 73,734 | 10,756 | 84,490 | 164,028 | |||
| NET INCOME | 2,536 | 302,505 | 305,041 | 261,743 | ||||
| RECONCILIATION | OF | FUNDS | ||||||
| Total funds brought | forward | 3,617,049 | 161,934 | 3,778,983 | 3,517,240 | |||
| TOTAL FUNDS CARRIED FORWARD | 3,619,585 | 464,439 | 4,084,024 | 3,778,983 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 3,130,053 | 2,650,709 | |
| Investments | |||
| Investments | 12 | 843,156 | 758,666 |
| Investment properly |
13 | 227400 | 227,500 |
| 4,200,709 | 3,636,875 | ||
| CURRENT ASSETS | |||
| Stocks | 14 | 6,000 | 6,000 |
| Debtors | 15 | 135,468 | 197,600 |
| Cash at bank | 9,760 | 36,202 | |
| 151428 | 239,$02 | ||
| CREDITORS | |||
| Amounts falling due within one year |
16 | (267,913) | (97,694) |
| NET CURRENT ASSETS | (116,685) | 142,108 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 4,084,024 | 3,77$,983 | |
| NET ASSETS | 4,084,024 | 3,778,9$3 | |
| FUNDS | 18 | ||
| Unrestricted funds: |
|||
| General fund Restricted funds: |
3,619,585 | 3,617,049 | |
| Honor Cooper EMI Suite Extension |
171Jt53 292486 |
161,934 | |
| 464,439 | 161,934 | ||
| TOTAL FUNDS | 4,084,024 | 3,778,983 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | 8 | |||
| Cash flows from operating | activities | |||
| Cash generated from operations |
463,548 | 85,166 | ||
| Net cash provided by operating activities |
463,548 | 85,166 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets | (493,722) | (76,343) | ||
| Dividend /+tercet k Rent fiom investment | 3,732 | 3,578 | ||
| Net cash used in investing activities |
(489,990) | (72,765) | ||
| Cash llows from financing | activities | |||
| Loan repayments in year |
(45,000) | |||
| Net cash provided by/(used |
in) financing | activities | (45,000) | |
| Change in cash and cash | equivalents | in | ||
| the reporting period | (26,442) | (32,599) | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 36402 | 68,801 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
9,760 | 36,202 |
| RECONCILIATION | RECONCILIATION | RECONCILIATION | OFNET INCOME TONET CASH FLOW FROM | OFNET INCOME TONET CASH FLOW FROM | OPERATINGA~S | OPERATINGA~S |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Net Income | forthe | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 305,041 | 261,743 | ||||
| Adjustments | for: | |||||
| Depreciation | charges | 14,378 | 14,452 | |||
| Gain on investments | (84,490) | (164,02$) | ||||
| Dividend, Interest dt | Rent fiom | investment | (3,732) | (3,578) | ||
| Decrease in | debtors | 62,132 | 9,229 | |||
| Increase/(decrease) | in | creditors | 170419 | (32,652) | ||
| Net cash provided | by | operations | 463448 | 85,166 | ||
| ANALYSIS | OF CHANGES IN NET FUNDS | |||||
| At 1.4.21 | Cash flow f |
At31.3.22 | ||||
| Net cash | ||||||
| Cash at bank | 36402 | (26,442) | 9,760 | |||
| 36402 | (26vt42) | 9,760 | ||||
| Total | (269442) | 9,760 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Donations | 344497 | 2,692 | |||
| Government | Grants | re | COVID | 124,628 | 184,337 |
| 469i025 | 187,029 |
| Grants receiv | ed, included in the above, are as follows: |
||
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | |||
| Comnavirus | SSPRebate Scheme | 4439 | |
| Other grants | 120489 | 184,337 | |
| 124,628 | 184,337 | ||
| INVESTMENT INCOME | |||
| 2022 | 2021 | ||
| 8 | 8 | ||
| Interest received | 3732 | 3,578 |
| Activity | 2022f | 2021f | |||||
|---|---|---|---|---|---|---|---|
| Residential | home fees | Residential | Home fees | 1,725,469 | 1,859,058 | ||
| 5. | CHARITABLE ACTIVITIES COSTS | ||||||
| Support | |||||||
| Direct | costs (see | ||||||
| Costs | note 6) | Totals | |||||
| 6 | |||||||
| Residential Home Running Other expenditure |
Costs | 1 rt26,783 14478 |
74440 | 1,926,783 88,718 |
|||
| 1+41,161 | 74440 | 2,015,501 | |||||
| 6. | SUPPORT | COSTS | |||||
| Governance | |||||||
| Finance f |
Other f |
costs f |
Totals | ||||
| Other expenditure | 2,157 | 64,839 | 7)344 | 74440 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 8 | ||||
| Wages and salaries Other pension costs |
1,542,368 48493 |
1,475,150 46,681 |
||
| 1,590,661 | 1,521,831 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2022 | 2021 | |||
| Care and domestic staff Administration and management |
87 3 |
87 3 |
||
| 90 | 90 |
| The charity operates a pens to all qualifying employees. |
The charity operates a pens to all qualifying employees. |
ion scheme managed by Source Pensions and the adminis |
ion scheme managed by Source Pensions and the adminis |
tration is mana |
ged by Prism |
|---|---|---|---|---|---|
| COMPARATIVES FOR | THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Rsstrtcted | Total | |||
| fund | funds | funds | |||
| 8 | |||||
| INCOME | AND ENDOWMENTS FROM | ||||
| Donations | and legacies | 185,336 | 1,693 | 187,029 | |
| Charitable | activities | ||||
| Residential | Home fees | 1,859,058 | 1,859,058 | ||
| Investment | income | 2,675 | 903 | 3,578 | |
| Other income | 37,745 | 37,745 | |||
| Total | 2,084,814 | 2,596 | 2,087,410 | ||
| EXPENDITURE ON | |||||
| Charitable activities Residential Home Running Other expenditure |
Costs | 1,899,600 89,041 |
1,054 | 1,900,654 89,041 |
|
| Total | 1,988,641 | 1,054 | 1,989,695 |
| 2 | FIXEDASSET INVEST | MENTS | ||
|---|---|---|---|---|
| . | Listed | |||
| investments | ||||
| f | ||||
| Market value | ||||
| At 1April 2021 Revaluations |
758,666 $4,490 |
|||
| At 31March 2022 | 843,156 | |||
| Net book value At 31March 2022 |
843,156 | |||
| At 31March 2021 | 758,666 | |||
| There were no investment | assets outside the UK. | |||
| Cost or valuation at 31March 2022 is represented |
by: | |||
| Listed | ||||
| investments | ||||
| 8 | ||||
| Valuation in 2021 Valuation in 2022 |
758,665 $4,491 |
|||
| 843,156 | ||||
| 13. | INVKSTMKNT PROPERTY | |||
| Fair value | ||||
| At I April 2021 and 31March 2022 |
227,500 | |||
| Net book value At 31March 2022 |
227400 | |||
| At 31March 2021 | 227,500 |
| 14. | STOCKS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Stockofprovisions | and cleaning | f. 6,000 |
8 6,000 |
|
| 15. | DEBTORSl AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| 8 | ||||
| Trade debtors Prepayments and other debtors Accrued income |
38,251 10,048 87,169 |
80,357 12,679 104,564 |
||
| 135rt68 | 197,600 | |||
| 16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| 8 | 8 | |||
| Trade creditors Other creditors Resident' fees paid in advance Accruals and deferred income |
156,033 33889 64,406 13,485 |
32,461 10,449 42,582 12,202 |
||
| 267,913 | 97,694 |
| ANALYSIS OF NET ASSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Restricted | Total | Total | |
| fund | funds | funds | funds | |
| 5 | 8 | |||
| Fixed assets | 3,130,053 | 3,130,053 | 2,650,709 | |
| Investments | 935468 | 13548$ | 1,070,656 | 986,166 |
| Current assets | (177,822) | 3291050 | 15142$ | 239,802 |
| Current liabilities | (267,914) | I | (267,913) | (97,694) |
| 3,619,585 | 464,439 | 4,084,024 | 3,778,983 |
| MOVEMENT | IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.4.21 | in funds | 31.3.22 | ||||
| 8 | 8 | |||||
| Unrestricted funds |
||||||
| General fund | 3,617,049 | 2,536 | 3,619,585 | |||
| Restricted funds | ||||||
| Honor Cooper EMI Suite Extension |
161,934 | 9,919 292,586 |
171453 292486 |
|||
| 161,934 | 302,505 | 464,439 | ||||
| TOTAL FUNDS | 3,778,983 | 305,041 | 4,084,024 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| 8 | f. | |||||
| Unrestricted | funds | |||||
| General fund | 1,943,466 | (2,014,664) | 73,734 | 2,536 | ||
| Restricted funds | ||||||
| Honor Cooper Ehtl Suite Extension |
292,586 | (837) | 10,756 | 9)919 292,586 |
||
| 292,586 | 10,756 | 302,505 | ||||
| TOTAL FUNDS | 2436,052 | (2,015401) | 84,490 | 305,041 | ||
| Comparatives | for movement | in | funds | |||
| Net | ||||||
| movement | At | |||||
| At L4.20 | in funds | 31.3.21 | ||||
| Unrestricted | funds | |||||
| General fund | 3,395,901 | 221,148 | 3,617,049 | |||
| Restricted funds | ||||||
| Honor Cooper | 121,339 | 40,595 | 161,934 | |||
| TOTAL FUNDS | 3,517,240 | 261,743 | 3,778,983 |
| Incomiag | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| 8 | ||||||
| Unrestricted | funds | |||||
| General fund | 2,084,814 | (1,988,641) | 124,975 | 221,148 | ||
| Restricted funds | ||||||
| Honor Cooper | 2,596 | (1,054) | 39,053 | 40,595 | ||
| TOTAL FUNDS | 2,087,410 | (1,989,695) | 164,028 | 261,743 | ||
| A current year | 12months | and prior year 12months | combined | position is as follows: | ||
| Net | ||||||
| movement | At | |||||
| At 1.4.20 | in funds | 31.322 | ||||
| Unrestricted | funds | |||||
| General fund | 3,395,901 | 223,684 | 3619,585 | |||
| Restricted funds | ||||||
| Honor Cooper EMI Suite Extension |
121,339 | 50,514 292,586 |
171,853 292,586 |
|||
| 121,339 | 343,100 | 464,439 | ||||
| TOTAL FUNDS | 3,517,240 | 566,784 | 4,084,024 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| 8 | |||||
| Unrestricted | funds | ||||
| General fund | 4,028,2$0 | (4,003,305) | 198,709 | 223,6$4 | |
| Restricted funds | |||||
| Honor Cooper EMI Suite Extension |
2,596 292,586 |
(1,891) | 49,809 | 50,514 292,586 |
|
| 295,1$2 | (1,891) | 49,$09 | 343,100 | ||
| TOTAL FUNDS | 4,323,462 | (4,005,196) | 24$,518 | 566,784 |
| 2022 | 2021 | |
|---|---|---|
| 8 | ||
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Donations Government Grants re COVID |
344@97 124,628 |
2,692 184,337 |
| 469,025 | 187,029 | |
| Investment income |
||
| Interest received | 3.732 | 3,578 |
| Charitable activities |
||
| Residential home fees |
1,725,469 | 1,859,058 |
| Other income | ||
| Non resident's meals |
70 | 85 |
| Resident's fundraising MAL contribution OHB payroll contribution MdcL contribution OHH office costs Other income |
1,002 19,978 10,441 60 |
454 19,548 10,368 40 |
| Income fiom 4 Old London Road | 6,275 | 7,250 |
| 371826 | 37,745 | |
| Total incoming resources | 2436,052 | 2,087,410 |
| EXPENDITURE | ||
| Charitable activities |
||
| Wages and social security cost Pension contributions Water Insurance Light and heat Telephone and internet Provisions and cleaning materials Medical Expenses |
1,498874 48493 11427 25,662 44,539 2,538 95,416 370 |
1,429,109 46,681 18,514 11,733 43,431 2,135 100,643 202 |
| Resident's comforts Health and safety expense Cleaning and waste disposal Garden expenses Registration fee and subscriptions Property repairs and maintenance Carried forward |
8,439 16,669 39,192 $,987 9,984 53,847 1,863437 |
6,837 14,334 50,228 6,841 17,000 103,044 1,850,732 |
| 2022 | 2021 | ||
|---|---|---|---|
| Charitable activities |
|||
| Brought forward Council tax |
1,863,637 4,352 |
1,850,732 2,058 |
|
| Motor expenses Minibus costs |
1,697 1,607 |
1,333 812 |
|
| Repairs and renewals Legal fees Other staffcosts including training Residents' outings and comfort Fixtures and fittings Motor vehicles |
26,181 6,825 21,647 837 12)672 1,706 |
22,853 760 21,052 1,054 12,178 2,274 |
|
| 1,941,161 | 1,915,106 | ||
| Support costs | |||
| Finance | |||
| Bank charges | 2,157 | 2,212 | |
| Other | |||
| Wages and social security Postage and stationery Advertising Computer running costs |
43,994 8,981 913 10„)151 |
46,041 10,297 124 8,715 |
|
| 64dt39 | 65,177 | ||
| Governance costs |
|||
| Auditors' remuneration |
7,344 | 7,200 | |
| Total resources expended | 2,015)501 | 1,989,695 | |
| Net income | 220451 | 97,715 |